Steve, let's take it one point at a time. What exactly is it I have
misstated? A "thing or two" is pretty vague. I have gone back and reread
my post to Mike. While I will grant you that the tone was less than
ideal, and for that I will apologize to Mike, the substance was right
on point. There is, IMO, NO valid, meaningful comparison between SOLV and
SU. (Or IBM for that matter). Why haven't you addressed any of the differences
that I claim make the comparison meaningless?
SOLV may have the greatest technology ever. Neither I nor you know for sure
because they haven't made it public. It has been and continues to be cloaked
in a veil of secrecy. Even if the technology is perfect, that is a far cry
from commercially viable. It seems to me that most of the debate has centered
around SOLV's ability to make their technology commerically viable. Am I off
base on that?
I have never, and do not, question either Mike's or your honesty. Even if I
were inclined to do so, which I am not, I have no basis for doing so. That
said, I have and will continue to question what I view as unreasonable
comparisons and assertions. Even the most honest people are occasionally
unreasonable, myself included.
Much of my generic comments concerning what I view as an unwise investment
were written in the post to Mike with the word "you." This was poor drafting
on my part. The comments were no so much directed, individually, at Mike as
they were at the long group as a whole. Again, I stick by the substance
of what I wrote. Surely, you don't question that it would have been wise to
have sold in the teens and bought back in now than to have held, even if you
firmly believe in the long term success of this company?
Finally, I will grant you, as well, that the "market" is not perfect; indeed,
far from it. I will also grant you that the "market" makes fundamental
mistakes and misjudgments. Our debate, as I see it, centers around whether
the "market" has done so in this case. Obviously, I don't think so. Just
as obviously, I recognize that you (and others) think it has. Unless and until,
or "if," there is proof to the contrary, however, the market is always
right in the first and financial instances.
Just my thoughts....
Troy McKinney |
